Background

In 2012, Canada and Côte d’Ivoire agreed to begin negotiations towards a Foreign Investment Promotion and Protection Agreement (FIPA). Minister Paradis announced the conclusion of negotiations in September 2013. The Agreement was signed by Canada’s Minister of International Development, Christian Paradis and the Ivoirian Minister of Foreign Affairs, Charles Diby Koffi, on November 30, 2014 in Dakar, Senegal.

A bilateral FIPA will provide greater predictability and certainty for Canadian investors considering investment opportunities in Côte d’Ivoire. Canada’s objective in entering these negotiations is to secure a comprehensive, high-quality agreement which will protect investors through the establishment of a framework of legally binding rights and obligations.